Question

A company's beginning cash balance was $4,000. at the end of the period, the balance was $3,000. if total cash paid out during the period was $30,000, the amount of cash receipts was?

Answer 1

If total cash paid out during the period was $30,000, the amount of cash receipts was $31,000.

Given,

Beginning cash balance - $4,000

End of the period balance - $3,000

Total cash - $30,000

Cash receipts - ?

Thus, to calculate the amount of cash receipts, the below given formula is used.

Cash balance at the end of the period = beginning cash + cash receipts - cash outflow

$3000 = $4000 + cash receipts - $30,000

= $4000 - $3000 + $30,000

= $31,000

Hence, cash receipts is $31,000.

Cash receipts are basically the collection of money, one from a customer. Cash receipts are recognized as proof that your business has made a sale.

To learn more about cash receipts here:

brainly.com/question/23980227

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